Sprague Resources ( NYSE: SRLP ) said Tuesday it has completed its merger deal with Hartree Partners; the partnership will become a private company solely owned by Hartree, and its common units will no longer be listed on the NYSE.
In August, the merger deal was revised to include an additional $1/unit in cash as consideration for Sprague unitholders unaffiliated with Hartree.
Sprague Resources ( SRLP ) slashed its distributions by 35% in 2021 and has been facing a liquidity crisis .
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Sprague Resources closes merger deal with Hartree Partners